The primary catalyst for this aggressive risk-off rotation was an escalation in Middle Eastern geopolitics. Fresh threats to the fragile US-Iran ceasefire, alongside reports of launched or attempted retaliatory strikes, sent shockwaves through risk assets. This geopolitical premium immediately bid up the energy complex, with both WTI and Brent crude jumping by around2%. Adding fuel […]
Usually, rising oil prices have generally been a source of support for Canadian Dollar. This week, however, that relationship is breaking down. Despite Brent crude climbing back above $95 per barrel as US-Iran negotiations remain deadlocked, Canadian Dollar has weakened sharply against its US counterpart. The key reason is a new threat from Washington that
Construction PMI 38.2 vs 40.2 expected Prior 39.7 Ouch. That’s a terrible reading as things are just getting worse for UK’s construction sector in Q2. The estimate indicates that construction output fell at its sharpest pace since May 2020. And if you discount the drop during the Covid pandemic, this marks the steepest decline in
Estonia’s industrial production declined for the third straight month in April, and at the fastest pace in more than one-and-a-half years, data from Statistics Estonia showed on Thursday. The volume of industrial production contracted 3.8 percent year-on-year in April, following a 2.9 percent decrease in March. Moreover, this was the steepest fall since August 2024,
Key takeaways Renewed clashes between the U.S. and Iran involving Kuwait and Bahrain reignited geopolitical concerns, driving oil prices sharply higher and triggering a broad risk-off move across global equity markets. The AI-led technology rally faced its first meaningful challenge after Broadcom’s disappointing guidance raised concerns about the pace of AI infrastructure revenue growth, prompting
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Swiss Franc has emerged as one of the weakest major currencies this week. As US-Iran negotiations drag on without a clear resolution, markets are steadily pricing out a swift agreement. Brent crude remains well above $90 and is threatening a return to triple-digit territory. While the situation has not escalated into a broader regional conflict,
Summary: The Trump administration announced Israel and Lebanon agreed to implement a ceasefire and establish security zones, contingent on a complete halt to Hezbollah fire and evacuation of its operatives from the South Litani sector; a previous ceasefire agreed last month had failed to hold Trump suggested a deal with Iran could come “over the
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The AIB Ireland Services PMI rose to 50.8 in May 2026 from 49.7 in April, indicating a slight expansion in activity, though it remained below its long-run average of 55. This was the highest reading since February, underpinned by a renewed increase in new business. The pace of new business growth was the strongest in
Imma never gonna sell man …. did, LOL: ICYMI! Strategy sells Bitcoin for first time since 2022, breaking “never sell” pledge Lose the bid!!! Bitcoin has lost its cool Bitcoin Futures Analysis Today: BTC Stalls Below 74,535 Saylor’s cost basis is around $75.5 per coin. Will probably try to buy more initially. Let’s see how
The news: Here we go again. Israel, Lebanon agree ceasefire framework, but Hezbollah holds the key. This article was written by Eamonn Sheridan at investinglive.com. Source link
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The USDCAD is pushing to a new session high and, in the process, is testing an important resistance zone defined by last Thursday’s high at 1.38689. The pair has now reached 1.3869, putting buyers and sellers at a key technical crossroads. Looking at the hourly chart, 1.38689 marks the lower boundary of a swing area
Dollar regained momentum today as two important market narratives moved in its favor simultaneously. First, investors became increasingly skeptical that a US-Iran agreement would be reached quickly, pushing oil prices higher again. Second, stronger-than-expected US employment data reinforced confidence in the economy and strengthened the case for maintaining restrictive monetary policy. Together, those developments helped
Consumer price inflation in Luxembourg eased in May from a 4-month high in the previous month, data from the statistical office showed on Wednesday. The consumer price index rose 2.3 percent year-on-year in May, slower than the 3.1 percent increase in April. Inflation based on food and non-alcoholic beverages eased to 2.0 percent from 2.4
